Residential development for sale
Property description & features
The Building - Two storey end terrace building that is currently arranged as a large retail unit along with a spacious two bedroom self contained first floor flat.
Ground Floor - 7.5 x 17.1 (24'7" x 56'1" ) - Double doors opening to the main retail area which is currently partitioned off to include a large store room, rear lobby and then a further store room at first floor level.
First Floor - Separate access from the front and rear with stairs leading to the hallway, lounge, two bedrooms, kitchen and bathroom / WC. The flat has the benefit of an additional store room, UPVC double glazing and gas central heating.
Tenure - Freehold
The ground floor unit is subject to a Landlord & Tenant Act lease to Age UK North Yorkshire Coast and Moors that has expired and they are currently holding over on their existing terms.
The first floor flat is subject to an Assured Shorthold Tenancy (AST) where the tenant has been in place for over 24 months.
Income - The building currently generates an income of:
Ground floor = £8,100 per annum
First floor = £5,400 per annum
Notes - There is potential to create a further one bedroom flat in the space occupied at first floor level by the commercial tenant and residential, tenant should the opportunity arise in the future. (Subject to local authority planning approval).
Viewing - Strictly by appointment with sole agents Colin Ellis Property Services on[use Contact Agent Button]
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Energy Performance data and Internal floor area
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